Shell

Saudi Aramco to acquire Shell’s share of the SASREF refining joint venture

Apr 21, 2019 The Saudi Arabian Oil Company (Saudi Aramco) is to acquire Shell Saudi Arabia Refining Limited’s (Shell) 50% share of the SASREF joint venture in Jubail Industrial City, in the Kingdom of Saudi Arabia, for $631 million. Abdulaziz Al-Judaimi, Saudi Aramco‘s Senior Vice President of Downstream, said: “The partnership with Shell has led to a strong record of

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Shell invests in nature as part of broad drive to tackle Co2 emissions

Apr 8, 2019 Programme linked to Net Carbon Footprint target Carbon-neutral driving launch in the Netherlands complements investments in new electric vehicle charge points Reforestation partnerships announced in the Netherlands and Spain Shell today announces a programme to invest in natural ecosystems as part of its strategy to act on global climate change, including addressing carbon dioxide (CO2) emissions generated

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Shell publishes reports on industry associations, sustainability and payments to governments

Apr 2, 2019 Royal Dutch Shell (Shell) today publishes its new Industry Associations Climate Review, its 2018 Sustainability Report and its annual Payments to Governments Report. The three reports together further demonstrate Shell’s efforts to increase transparency around activities that are important to investors, governments and civil society. “Shell must remain at the forefront of the drive for greater corporate

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PGGM and Shell explore potential joint acquisition of Eneco

Jan 14, 2019 PGGM and Shell have joined forces to explore the opportunity to participate in the controlled auction for the sustainable energy provider Eneco. In December 2018 Eneco and its shareholders’ committee announced the start of the privatisation process. This consortium is impressed with Eneco’s achievements in transforming the Dutch energy system through investments in sustainability and renewable energy.

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Shell starts production at new petrochemicals unit in US Gulf Coast

Jan 7, 2019 Successful completion of major expansion project makes Shell’s Geismar chemicals manufacturing site the largest producer of alpha olefins in the world. Shell Chemical LP (Shell) today announced the start of production of the fourth alpha olefins (AO) unit at its Geismar, Louisiana, USA chemical manufacturing site. The 425,000-tonne-per-year capacity expansion brings total AO production at Geismar to

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Shell completes divestment of upstream interests in Ireland for up to $1.30 billion

Nov 30, 2018 Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has completed the sale of its shares in Shell E&P Ireland Limited (SEPIL), which holds a 45% interest in the Corrib gas venture, for up to $1.30 billion (€1.14 billion), to Nephin Energy Holdings Limited (NEHL), a wholly-owned subsidiary of Canada Pension Plan Investment Board

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Shell submits decommissioning plan for North Sea Goldeneye

07 November, 2018 Anglo-Dutch supermajor Shell has submitted its draft decommissioning programme for its North Sea Goldeneye field installations and pipelines to the UK government. The Goldeneye gas field, located 130km north-east of Aberdeen, started production in 2004. The last well in the field watered out in late 2010. Production at Goldeneye was officially ceased in February 2011. Since then

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Shell adds new, deep-water production in Brazil

Oct 24, 2018 New, deep-water production is underway today at Lula Extreme South in the Brazilian Santos Basin. Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (Shell) and consortium partners, announces that the FPSO P-69 is now producing. The FPSO P-69 is a standardized production vessel offshore Brazil with a capacity for 150,000 barrels of oil and

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Shell Picks a Digital Platform to Build Its AI Future Upon

19 October 2018 Topics: Data and information management Projects, facilities & construction Source: Shell Alisa Choong, the chief information officer at Shell, recently told several hundred oil and gas professionals that, “Digitization is about making the right choices.” Speaking on a panel at SPE’s Annual Technology Conference and Exhibition in Dallas last month, Choong shared that Shell has made one

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Shell agrees to sell Upstream Interests in Denmark to Noreco for $1.9 billion

Oct 17, 2018 Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has reached an agreement with publicly listed Norwegian Energy Company ASA (Noreco), to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. (SOGU) for a consideration amount of $1.9 billion. SOGU is a wholly-owned Shell subsidiary that holds a 36.8% non-operating interest in the Danish

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Shell completes sale of stake in Thailand’s Bongkot field to PTTEP

Jun 21, 2018 Shell announced today that its affiliates, Shell Integrated Gas Thailand Pte Ltd and Thai Energy Company Ltd, have completed the sale of their 22.2222% interest in the Bongkot field and adjoining acreage offshore Thailand to PTT Exploration & Production Public Company Limited (PTTEP) and PTTEP International Limited, a wholly-owned subsidiary of PTTEP, for a transaction value of

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Shell to sell Draugen and Gjøa interests to OKEA AS

Jun 20, 2018 Royal Dutch Shell plc, through its affiliate A/S Norske Shell, has reached an agreement with OKEA AS to sell its entire 44.56% interest in Draugen and 12.00% interest in Gjøa in Norway for $556* million (NOK 4,520 million). The transaction is subject to regulatory approval and is expected to complete in Q4 2018.  The transaction’s expected effective

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Shell completes Malaysia LNG Tiga equity sale

Jun 20, 2018 Shell Gas Holdings (Malaysia) Limited, a subsidiary of Royal Dutch Shell plc, announced today that it has completed the sale of its 15% shareholding in Malaysia LNG Tiga Sdn Bhd (MLNG Tiga) to the Sarawak State Financial Secretary (SFS) for an agreed consideration of $750 million. The transaction has an economic date of 1 September 2017 and

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Subsea 7 awarded Penguins redevelopment contract

12 June, 2018 Oil and gas giant Shell has awarded Subsea 7 an engineering, procurement, construction and installation contract for its North Sea Penguins redevelopment project. The contract includes the fabrication of two pipeline bundles containing pipe-in-pipe production flowlines, gas lift flowlines and control systems. Subsea 7 will also manufacture a 9km 16-inch gas export pipeline, flexible riser system, dynamic

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Shell starts-up production at Kaikias

01 June, 2018 Anglo-Dutch major Shell has started up production at its US Gulf of Mexico Kaikias development, almost one year ahead of schedule. Shell announced a final investment decision for the project at the beginning of 2017 and has since gone on to reduce costs by 30%. The development now has a break-even price of less the US$30 (£22)

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Gazprom and Shell continuing joint work on Baltic LNG project

May 25, 2018, 14:00 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beurden, Chief Executive Officer of Royal Dutch Shell, took place today at the St. Petersburg International Economic Forum 2018. Alexey Miller Enlarged photo (JPG, 489.9 KB) The meeting participants discussed topical issues of strategic cooperation. Particular attention was paid to interaction in the area of liquefied natural gas, including a joint feasibility

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